Smart Agriculture Market by Offering, Farm Size, Application - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation

List of Tables

The Global Smart Agriculture Market is forecasted to grow significantly, with a projected USD 23.43 billion in 2023 at a CAGR of 14.85% and expected to reach a staggering USD 62.47 billion by 2030.

The Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and High Inflation is expected to have significant long-term effects on the Global Smart Agriculture Market. The ongoing research considers the changes in consumer behavior, supply chain disruptions, and government interventions caused by the pandemic. Similarly, the report considers the ongoing political and economic uncertainty in Eastern Europe caused by the Russia-Ukraine Conflict and its potential implications for demand-supply balances, pressure on pricing variants, and import/export and trading. Additionally, the report addresses the impact of High Inflation on the global economy and details fiscal policies measuring and reducing its effects on demand, supply, cash flow, and currency exchange.

Market Segmentation & Coverage:

This research report categorizes the Global Smart Agriculture Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Offering, market is studied across Hardware, Services, and Software. The Hardware is further studied across Automation & Control System and Sensing & Monitoring Devices. The Automation & Control System is further studied across Displays, Drones or UAVs, Flow & Application Control Devices, GPS & GNSS, Guidance & Steering, Handheld Mobile Devices or Handheld Computers, HVAC Systems, Irrigation Controller, and LED Grow Lights. The Sensing & Monitoring Devices is further studied across Climate Sensors, RFID Tags & Readers, Soil Sensors, Water Sensors, and Yield Monitors. The Services is further studied across Assisted Professional Services, Connectivity Services, Maintenance & Support, Managed Services, and System Integration & Consulting. The Assisted Professional Services is further studied across Climate Information Services and Supply Chain Management Services. The Managed Services is further studied across Analytics, Data Services, and Farm Operation Services. The Software is further studied across Cloud-Based and Local or Web-Based. The Hardware commanded largest market share of 42.80% in 2022, followed by Services.

Based on Farm Size, market is studied across Large Farms, Medium Farms, and Small Farms. The Large Farms commanded largest market share of 66.90% in 2022, followed by Medium Farms.

Based on Application, market is studied across Fish Farming, Livestock Monitoring, Precision Farming, and Smart Greenhouse. The Fish Farming is further studied across Feeding & Production Control, Fish Tracking & Fleet Navigation, and Water Quality Management. The Livestock Monitoring is further studied across Animal Comfort Management, Behaviour Monitoring & Management, Breeding Management, Feed Management, Heat Stress Management, and Milk Harvesting Management. The Precision Farming is further studied across Crop Scouting, Farm Labor Management, Field Mapping, Financial Management, Inventory Management, Irrigation Management, and Weather Tracking & Forecasting. The Smart Greenhouse is further studied across HVAC Management, Water & Fertilizer Management, and Yield Monitoring. The Precision Farming commanded largest market share of 35.87% in 2022, followed by Livestock Monitoring.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 37.33% in 2022, followed by Americas.

Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Global Smart Agriculture Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in a particular market space. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets

3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments

4. Market Trends: Provides comprehensive understanding of the Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and the High Inflation

5. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

6. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the Global Smart Agriculture Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global Smart Agriculture Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Smart Agriculture Market?

4. What is the competitive strategic window for opportunities in the Global Smart Agriculture Market?

5. What are the technology trends and regulatory frameworks in the Global Smart Agriculture Market?

6. What is the market share of the leading vendors in the Global Smart Agriculture Market?

7. What modes and strategic moves are considered suitable for entering the Global Smart Agriculture Market?

Product Code: MRR-43676CF42947

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Smart Agriculture Market, by Offering, 2022 vs 2030
4.3. Smart Agriculture Market, by Farm Size, 2022 vs 2030
4.4. Smart Agriculture Market, by Application, 2022 vs 2030
4.5. Smart Agriculture Market, by Region, 2022 vs 2030

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising integration of smartphone with agricultural hardware and software
  - 5.1.1.2. Growing use modern technologies in agricultural products
  - 5.1.1.3. Increasing use of smart agriculture to prevent diseases and monitor livestock
- 5.1.2. Restraints
  - 5.1.2.1. High cost involved in deployment of smart agriculture equipment
- 5.1.3. Opportunities
  - 5.1.3.1. Integration of technologically advanced and innovative smart agriculture solutions
  - 5.1.3.2. Emerging application of unmanned aerial vehicles in agricultural farms
- 5.1.4. Challenges
  - 5.1.4.1. Difficulty in maintaining large volumes of data for decision making
5.2. Market Trends
5.3. Cumulative Impact of COVID-19
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework
5.9. Client Customization

6. Smart Agriculture Market, by Offering

6.1. Introduction
6.2. Hardware
- 6.2.1. Automation & Control System
  - 6.2.1.1. Displays
  - 6.2.1.2. Drones or UAVs
  - 6.2.1.3. Flow & Application Control Devices
  - 6.2.1.4. GPS & GNSS
  - 6.2.1.5. Guidance & Steering
  - 6.2.1.6. Handheld Mobile Devices or Handheld Computers
  - 6.2.1.7. HVAC Systems
  - 6.2.1.8. Irrigation Controller
  - 6.2.1.9. LED Grow Lights
- 6.2.2. Sensing & Monitoring Devices
  - 6.2.2.1. Climate Sensors
  - 6.2.2.2. RFID Tags & Readers
  - 6.2.2.3. Soil Sensors
  - 6.2.2.4. Water Sensors
  - 6.2.2.5. Yield Monitors
6.3. Services
- 6.3.1. Assisted Professional Services
  - 6.3.1.1. Climate Information Services
  - 6.3.1.2. Supply Chain Management Services
- 6.3.2. Connectivity Services
- 6.3.3. Maintenance & Support
- 6.3.4. Managed Services
  - 6.3.4.1. Analytics
  - 6.3.4.2. Data Services
  - 6.3.4.3. Farm Operation Services
- 6.3.5. System Integration & Consulting
6.4. Software
- 6.4.1. Cloud-Based
- 6.4.2. Local or Web-Based

7. Smart Agriculture Market, by Farm Size

7.1. Introduction
7.2. Large Farms
7.3. Medium Farms
7.4. Small Farms

8. Smart Agriculture Market, by Application

8.1. Introduction
8.2. Fish Farming
- 8.2.1. Feeding & Production Control
- 8.2.2. Fish Tracking & Fleet Navigation
- 8.2.3. Water Quality Management
8.3. Livestock Monitoring
- 8.3.1. Animal Comfort Management
- 8.3.2. Behaviour Monitoring & Management
- 8.3.3. Breeding Management
- 8.3.4. Feed Management
- 8.3.5. Heat Stress Management
- 8.3.6. Milk Harvesting Management
8.4. Precision Farming
- 8.4.1. Crop Scouting
- 8.4.2. Farm Labor Management
- 8.4.3. Field Mapping
- 8.4.4. Financial Management
- 8.4.5. Inventory Management
- 8.4.6. Irrigation Management
- 8.4.7. Weather Tracking & Forecasting
8.5. Smart Greenhouse
- 8.5.1. HVAC Management
- 8.5.2. Water & Fertilizer Management
- 8.5.3. Yield Monitoring

9. Americas Smart Agriculture Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Smart Agriculture Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Smart Agriculture Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
- 12.3.1. Merger & Acquisition
  - 12.3.1.1. Raven Announces Strategic Integration of Augmenta, Enhances Automated Technology Portfolio
  - 12.3.1.2. McFarlane Mfg. Co. Inc. Acquires CMT AG LLC
  - 12.3.1.3. John Deere Acquires Light, a Company that Specializes in Depth Sensing and Camera Perception for Autonomous Vehicles
- 12.3.2. Agreement, Collaboration, & Partnership
  - 12.3.2.1. Garuda Aerospace, Ninjacart Partner to Make Agricultural Drones Easily Accessible to Farmers
  - 12.3.2.2. AGCO & Bosch BASF Smart Farming Announce Commercialization of Smart Spraying Capabilities
  - 12.3.2.3. Adesys Alarm Dialer Added To Fancom Product Portfolio
  - 12.3.2.4. Deere Forms Joint Venture with Semi-Autonomous Sprayer Company GUSS Automation
- 12.3.3. Investment & Funding
  - 12.3.3.1. PepsiCo Investing $216M for 'climate-Smart Agriculture Practices'
  - 12.3.3.2. Aquabyte Closes $25m Series B Funding to Meet World's Demand For Healthy, Sustainable Fish
  - 12.3.3.3. AGCO Invests in OPTIfarm to Improve Productivity and Animal Welfare
- 12.3.4. Award, Recognition, & Expansion
  - 12.3.4.1. Delaval Starts Work on New Sustainable Dairy Unit

13. List of Company Mentioned

14. Appendix

14.1. Discussion Guide
14.2. License & Pricing